1131 Central Ave Middletown, OH 45044
- Office buildings
- 38,250 SF
- 0.12 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1131 Central Ave
- Year built
- 1955
- Lot size
- 0.12 lot acres
- Property size
- 38,250 SF
- Property type
- Office buildings
- APN
- Q6511-009.000-027
- APU
- Q6511009000027
Description
This exceptional Middletown, Ohio commercial property, located at 1131 Central Ave, presents a compelling investment opportunity priced at $1,900,000. The 38,000 square foot building boasts a diverse tenant mix, including a hotel, restaurant, and traditional office spaces, generating stabilized rental income. Previously a JCPenney store, the building retains desirable features such as an elevator, secure entrances, and a convenient truck dock. Its prime location on Central Avenue ensures high visibility, benefiting from over 8,000 daily passersby. The property's strategic placement near major roadways and amenities further enhances its appeal to a wide range of businesses. Vacant spaces offer potential for increased revenue generation. This multi-functional property in Butler County, Ohio (zip code 45044) provides a rare chance to acquire a versatile commercial asset with significant upside. The asking price of $1,900,000 translates to $50 per square foot. This mixed-use building offers a strong foundation for a diversified investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Butler
- State
- Ohio
- Longitude
- -84.4027
- Latitude
- 39.5162
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
